کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
108455 161923 2013 6 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
Complex Dynamics for Airlines' Price Competition with Differentiation Strategy
موضوعات مرتبط
مهندسی و علوم پایه سایر رشته های مهندسی کنترل و سیستم های مهندسی
پیش نمایش صفحه اول مقاله
Complex Dynamics for Airlines' Price Competition with Differentiation Strategy
چکیده انگلیسی

To investigate the complex dynamics for airlines' price competition, this paper proposes a price competition model of airlines with differentiation strategy and with the theory of bifurcation of dynamical systems. The existence and stability of equilibrium points of the model are discussed according to dynamic stability criteria. The complex dynamics of this model in different market parameters are shown though numerical simulation. The simulation results show that the speed of price adjustment has a significant impact on the stability of the model, while the speed of price adjustment is larger than critical value, and the phenomenon of bifurcation and chaos will appear on the dynamic system. Compared with the Nash equilibrium profits, all airlines' profits are decreased obviously when chaos is occurred. Differentiation has an important impact on airlines' price and profits, it's helpful to have more competition advantage that to keep and strengthen the differentiation advantage against the competitors.

ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Journal of Transportation Systems Engineering and Information Technology - Volume 13, Issue 1, February 2013, Pages 11–16
نویسندگان
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